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Net Earnings (Loss) Per Share
 6 Months Ended
Sep. 06, 2014
Earnings Per Share [Abstract]  
Net Earnings (Loss) Per Share

NOTE 10–NET EARNINGS (LOSS) PER SHARE

Basic net earnings (loss) per share is calculated using net earnings (loss) attributable to SUPERVALU INC. stockholders divided by the weighted average number of shares outstanding during the period. Diluted net earnings (loss) per share is similar to basic net earnings (loss) per share except that the weighted average number of shares outstanding is computed after giving effect to the dilutive impacts of stock-based awards.

The following table reflects the calculation of basic and diluted net earnings (loss) per share:

 

     Second Quarter Ended      Year-To-Date Ended  
     September 6,
2014		      September 7,
2013		      September 6,
2014		     September 7,
2013		  
     (12 weeks)      (12 weeks)      (28 weeks)     (28 weeks)  

Net earnings (loss) from continuing operations

    $ 31       $ 40       $ 79      $ (62 ) 

Less Net earnings attributable to noncontrolling interests

      2         1         4        4   
  

 

 

     

 

 

     

 

 

    

 

 

  

Net earnings (loss) from continuing operations attributable to SUPERVALU INC.

      29         39         75        (66 ) 

(Loss) income from discontinued operations, net of tax

      2         1         (1 )      191   
  

 

 

     

 

 

     

 

 

    

 

 

  

Net earnings attributable to SUPERVALU INC.

    $ 31       $ 40       $ 74      $ 125   

Weighted average number of shares outstanding—basic

      260         258         260        251   

Dilutive impact of stock-based awards

      4         3         3        4   
  

 

 

     

 

 

     

 

 

    

 

 

  

Weighted average number of shares outstanding—diluted(1)

      264         261         263        255   

Basic net earnings (loss) per share attributable to SUPERVALU INC.:

           

Continuing operations

    $ 0.11       $ 0.15       $ 0.29      $ (0.26 ) 

Discontinued operations

    $ 0.01       $ —         $ (0.01 )    $ 0.76   

Basic net earnings per share

    $ 0.12       $ 0.15       $ 0.28      $ 0.50   

Diluted net earnings (loss) per share attributable to SUPERVALU INC.:

           

Continuing operations(1)

    $ 0.11       $ 0.15       $ 0.29      $ (0.26 ) 

Discontinued operations(1)

    $ 0.01       $ —         $ (0.01 )    $ 0.75   

Diluted net earnings per share

    $ 0.11       $ 0.15       $ 0.28      $ 0.49   

 

(1) Weighted average number of shares outstanding—diluted was equal to Weighted average number of shares outstanding—basic for the computation of diluted net loss per share from discontinued operations for the year-to-date period ended September 6, 2014 and diluted net loss per share from continuing operations for the year-to-date period ended September 7, 2013.

Stock-based awards of 10 and 20 were outstanding during the second quarters ended September 6, 2014 and September 7, 2013, respectively, but were excluded from the calculation of diluted net earnings per share from continuing operations for the periods because their inclusion would be antidilutive. Stock-based awards of 10 and 21 were outstanding during the year-to-date periods ended September 6, 2014 and September 7, 2013, respectively, but were excluded from the calculation of diluted net earnings (loss) per share from continuing operations for the periods because their inclusion would be antidilutive.